Deep Offshore Incentive Order Will Accelerate Investment, Production Growth, Says Ojulari

Oil and Gas Projects Incentives: What To Know About Tinubu’s New Deep Offshore Tax Remission

On Wednesday, President Bola Tinubu ratified a reform aimed at harnessing the untapped potential in Nigeria’s deep offshore oil and gas sector. The reform could unlock up to $50 billion in fresh investment in the sector, starting with the long-delayed $10 billion Bonga South West project. According to a statement by the president’s spokesperson, Bayo Onanuga, the Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026, was sign…

Deep Offshore Incentive Order Will Accelerate Investment, Production Growth, Says Ojulari

The Nigerian National Petroleum Company Limited (NNPC Ltd.) has applauded Federal Government’s signing of the Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026. NNPC further described it as a landmark reform that significantly enhances Nigeria’s competitiveness for deep offshore investment and strengthens the nation’s pathway towards achieving its 3 million barrels of […]

NNPC Hails New Deep Offshore Tax Order, Says $50bn Investment to Follow

By Kwin Israel, The Sight News The Nigerian National Petroleum Company Limited (NNPC Ltd.) has welcomed the Federal Government’s signing of the Deep Offshore Oil and Gas Projects Incentives (Tax Remission) Order, 2026, describing it as a landmark reform that strengthens Nigeria’s competitiveness for deep offshore investment and its pathway to producing 3 million barrels of oil per day (MMbopd) by 2030. The Order establishes a transparent and glo…